The Lower Chamber adopted on Tuesday, with 246 votes in favour, 28 against and one abstention, the bill adopting Government Emergency Ordinance (OUG) no.99/2016, which stipulates salary hikes for several categories of personnel, including the personnel of the Agriculture, Youth and Sport and Defence ministries and the personnel of the National Library. According to an […]
Energy minister Bogdan Ivan, who promised to come up by the end of last week with an update on the negotiations with the European Commission (EC) on the prolongation of the functioning of several coal-fired power plants, keeps warning of extreme developments under circumstances described as "the perfect storm" this winter. Minister Ivan announced that, […]
Romania was close to having its 2026 EU funding suspended in July, but "we are now in another reality" after the new government took the necessary steps in the past 100 days, finance minister Alexandru Nazare, said upon returning from the October 9-10 EcoFin meeting, without any specific details about his talks on the Commission's […]
Rating agency Fitch, based on Romania’s 2025 budget revision and the macroeconomic forecast predicting muted growth of 0.7% this year rising to 1.2% in 2026 and 2027, projected that the country’s public deficit under ESA methodology would decline from 9.3% last year to 8.5% in 2025, followed by gradual reduction to 7% of GDP in […]
The international rating agency S&P Global Ratings completed and published on October 10 its annual review of Romania's creditworthiness, a review it performs on all sovereign debt issuers. It involves assigning scores to 5-6 key indicators, without constituting an action to modify or maintain the sovereign rating. The country's rating is based on the dimensions assessed […]
Romania’s annual inflation rate remained below 10% in September, concluding the month at 9.9%, according to data published on Monday, October 13, by the National Institute of Statistics (INS). Non-food goods continued to drive price growth, recording an annual increase of almost 11.1%, while services rose roughly 10.4% and food prices climbed 7.9%. The figure […]
Romania defeated Austria 1-0 on Sunday night, October 12, at Bucharest’s National Arena in the Group H match of the European qualifiers for the World Cup, with the decisive goal coming in stoppage time. The win keeps Romania’s hopes of qualification alive as they moved up to third place in the group with 10 points. […]
